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Dec 9, 2012
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economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real threat that we have at the moment is really here with us and that can be addressed. >> but when you look at, i mean i understood that the european banks had sort of downsized or downgraded what they thought would be growth. you've got more than 11% unemployment in the euro zone, which is a good deal higher than here. >> yeah yeah. >> are those things threats to the u.s. economy or do you think the u.s. economy now is destabilizing or has the potential to destabilize the world economy? >> i think the u.s. economy, because it's a relat
economy? >> the fiscal cliff. first of all i think there are issues that are beginning to improve and, you know, whether you look at the euro zone which is making progress, gradually, laboriously and certainly improving and with good numbers because if you look at thinge ia because if you look at thinge a greg gat euro zone debt, and you have political stability back now that the new team is in place so the volatility and the instability factors that are outside have reduced. the real...
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Dec 27, 2012
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that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans... but their shakes aren't always made for people with diabetes. that's why there's glucerna hunger smart shakes. they have carb steady, with carbs that digest slowly to help minimize blood sugar spikes. and they have six grams of sugars. with fifteen grams of protein to help manage hunger... look who's getting smart about her weight. [ male announcer ] glucerna hunger smart. a smart way to help manage hunger and diabetes. >>> welcome back. teachers in utah are going to class today. starting at noon today, 200 teachers will be at a conference near salt lake
that's also being dragged down about the fiscal cliff. you're seeing consumers pull back on spending and pulling back on how they feel about the economy. they are worried about whether there are going to be r more jobs in the new year. >> they are saying 9.1% unemployment is in the forecast by the end of next year if we don't reach a deal. alison kosik in new york, thank you as always. when you have diabetes... your doctor will say get smart about your weight. i tried weight loss plans......
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Dec 12, 2012
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. >> obviously i think all of us and all americans a resolution of this issue of the fiscal cliff so that people can live next year with a sense of predictability, with a sense that we can have a growing economy, and, frankly, peace in the world. >> and the place on this committee? >> i think it would be fun to do. >> i'll take that as a yes. >> senator lieberman. >> christmas and hanukkah. >> yes. >> what would i like from the president? that he pick the leadership he's been empowered with the election, bring the parties together beginning with speaker boehner and other leaders agree on a bipartisan package that will reduce debt, increase tax and cut increases on spending entitlements. that will do it and usher in a brilliant new period in america's economic history. >> sounds good. senator graham. >> three things, that the president would have -- >> this i thought we only had one. >> this is america youan have three the president will leave a force in afghanistan of 15 to 20 thousand to make sure the place doesn't fall back in to radical hands. that the people get behind syria and
. >> obviously i think all of us and all americans a resolution of this issue of the fiscal cliff so that people can live next year with a sense of predictability, with a sense that we can have a growing economy, and, frankly, peace in the world. >> and the place on this committee? >> i think it would be fun to do. >> i'll take that as a yes. >> senator lieberman. >> christmas and hanukkah. >> yes. >> what would i like from the president? that he...
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Sep 15, 2012
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. >>> your congress is about to send you over a fiscal cliff. your economy is not creating enough jobs to keep up with a growing population, and every man, woman and child in america now owes more than $50,000 for their share of government debt. all of this makes us
. >>> your congress is about to send you over a fiscal cliff. your economy is not creating enough jobs to keep up with a growing population, and every man, woman and child in america now owes more than $50,000 for their share of government debt. all of this makes us
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the economy, the fiscal cliff, the euro and much more. >>> also, why in the world does the united states find itself number one on a top-10 list with yemen, iraq, and serbia? i'll explain. >>> but first, here's my take. mitt romney has picked a bad time to launch an attack on barack obama's foreign policy. as he was speaking to the annual gathering of the veterans of foreign wars this week, charging obama with weakness, betrayal, and man dacity. there's a new poll on. handling foreign policy, americans prefer obama to romney by a whopping 15 points. romney's principal charge against obama is that he has angered america's allies and emboldened its enemies. >> shabby treatment of one of our finest friends. >> well, it turn out again that there's some recently released data that contradicts the claim. the pew foundation released one of its global surveys in june, soliciting opinions from several countries around the world. when asked if they have some or a lot of trust in president obama, the numbers are overwhelmingly positive across most of the world. in britain, for example, which was ro
the economy, the fiscal cliff, the euro and much more. >>> also, why in the world does the united states find itself number one on a top-10 list with yemen, iraq, and serbia? i'll explain. >>> but first, here's my take. mitt romney has picked a bad time to launch an attack on barack obama's foreign policy. as he was speaking to the annual gathering of the veterans of foreign wars this week, charging obama with weakness, betrayal, and man dacity. there's a new poll on. handling...
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Nov 16, 2012
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. >>> we're just 46 days away from reaching the dreaded fiscal cliff that i'm sure dana will be reporting on as well. even if a deal is reached, will it take a recession to get our economy back on track? that's what one leading economist says. alan greenspan talks to our ali velshi. that's next. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if he can't, no one can. that's why ally has a raise your rate cd. ally bank. your money needs an ally. [ male announcer ] you build a reputation by not breaking down. consider the silverado 1500 -- still the most dependable, longest-lasting full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now trade up to get a 2012 chevy silverado all-star edition with a total value of $9,000. from outstanding value to standing the test of time, chevy runs deep. >>> it is game on for fiscal clif
. >>> we're just 46 days away from reaching the dreaded fiscal cliff that i'm sure dana will be reporting on as well. even if a deal is reached, will it take a recession to get our economy back on track? that's what one leading economist says. alan greenspan talks to our ali velshi. that's next. tonight our guest, thomas sargent. nobel laureate in economics, and one of the most cited economists in the world. professor sargent, can you tell me what cd rates will be in two years? no. if...
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Nov 28, 2012
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the looming fiscal cliff and the fight to save the economy. in his first interview since the big romney loss, i will ask reince priebus if his party is out of touch with the country. plus his plans to fix the gop. >>> plus president obama's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're talking politics, same sex marriage and the "two and a half men" star whose christian conversion has him attacking his own show. this is "piers morgan tonight." >>> good evening. our big story tonight, countdown to financial doomsday, the fiscal cliff and the clock is ticking. 35 days left before this massive sweeping tax hike. america's now at the mercy of washington, hoping that both sides can end the fighting and make a deal. anti-tax champion grover norquist last night told me he's keeping republicans to the no tax increase pledge they made decades ago. but should his party
the looming fiscal cliff and the fight to save the economy. in his first interview since the big romney loss, i will ask reince priebus if his party is out of touch with the country. plus his plans to fix the gop. >>> plus president obama's tax push. he wants the rich to pay up but is it fair? >>> and one of the most influential spiritual leaders in the world, america's pastor, rick warren. he was there at barack obama's first inauguration. will he be there again? we're...
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Dec 12, 2012
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the longer the white house slow walks this process the closer the economy gets to the fiscal cliff. >> where are the revenues? where are the revenues? regardless of the cuts or changes of entitlements more is demanded in terms of what seniors would have to pay in to a medicare and what age that would happen. while the republicans refuse to touch one hair on the head of a the wealthiest people in our country. >> when it comes to taxes the top senate republicans said it was time for his party to give in and move on. >> what the president is trying to the achieve on the top two tax rates, you know, he can get by doing nothing. the law is certainly stacked in his favor. >> sharing the view a tack increase is all but inevitable. >> senator coburn is joining us now. you have said the tax rates are going up on the wealthiest 2% of a americans. it sounds like more republicans are coming around to your way of thinking. i understand you have been talking to republican colleagues about support ing this and insisting spending cuts. what level of support is there among your colleagues for a deal l
the longer the white house slow walks this process the closer the economy gets to the fiscal cliff. >> where are the revenues? where are the revenues? regardless of the cuts or changes of entitlements more is demanded in terms of what seniors would have to pay in to a medicare and what age that would happen. while the republicans refuse to touch one hair on the head of a the wealthiest people in our country. >> when it comes to taxes the top senate republicans said it was time for...
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Dec 30, 2012
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that is being discussed as part of a fiscal cliff deal but money believe that will hurt the economy and giving a disincentive to invest money. is that just focused on the real wealthy? >> i hear that argument a lot. number one, i'm really tired of our tax policy decisions and everything being made by what the market is going to do in the next quarter. look, this is an aberration and the tax code and grossly unfair. you look at say they raise tax rates, the top tax rate to 39.6% for those making more than $500,000, that's going to mean a lot of small businesses are going to pay that nearly 40% marginal tax rate where you have billionaire private equity funds paying 15, 20 or even 24 depending on where they put it. not an issue of penalizing investment income but penalizing labor and those who make their income through wages and they should both be taxed at the same rate. i do, again, fundam and at least raising the capital gains rate would help address this anomaly and susan collins and clara mccasical give legitimate -- you have billionaire equity managers paying 39%. i think this is a
that is being discussed as part of a fiscal cliff deal but money believe that will hurt the economy and giving a disincentive to invest money. is that just focused on the real wealthy? >> i hear that argument a lot. number one, i'm really tired of our tax policy decisions and everything being made by what the market is going to do in the next quarter. look, this is an aberration and the tax code and grossly unfair. you look at say they raise tax rates, the top tax rate to 39.6% for those...
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Nov 14, 2012
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cliff that threatens the american economy. tonight, washington is none too happy about being left out of the loop as the fbi investigates the general petraeus sex scandal. >> it's rather shocking to find out candidly that we weren't briefed. >> it would have been nice to know before we saw it on tv. >> the president was certainly surprised when he was informed about the situation regarding general petraeus on thursday. >> meanwhile, the top general in afghanistan allegedly caught red-handed exchanging flirtatious e-mails of his own with jill kelley. plus the debut of my new cnn colleague, the culinary superstar who will dine on anything, anthony bourdain is here. joining me is barbara starr and intelligence correspondent, suzanne kelly. welcome back to you both. every night i say right off the top, can any of us get our heads round this and how much more ridiculous can it get, and lo and behold, it gets more ridiculous. barbara starr, let's try and get to what we believe to be the facts behind all the kind of lurid, titillatin
cliff that threatens the american economy. tonight, washington is none too happy about being left out of the loop as the fbi investigates the general petraeus sex scandal. >> it's rather shocking to find out candidly that we weren't briefed. >> it would have been nice to know before we saw it on tv. >> the president was certainly surprised when he was informed about the situation regarding general petraeus on thursday. >> meanwhile, the top general in afghanistan...
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cliff, which would hurt the economy, and also come up with a long-term plan to reduce the deficit. so we also deal with that long-term issue. there are bipartisan models for how to do this that have been put forward by groups like the simpson-bowles group. i think that's a good framework. so the path toward getting there is clear. the political will, unfortunately, has not been there. >> and it has seemed to come down very explicitly to this issue in the near term, and obviously this is a piece of the grand bargain, but to this issue of the bush tax cuts and whether they go away for everyone -- stay for everyone or only stay for some people and go away for the wealthier, who would receive a tax increase. now, this is a crucial issue. some of the people on the other side of the debate from you, on the tea party, the ones who don't want to raise taxes at all and have made this a religion have started to compromise. two of the most ardent tea party members, mike lee and rand paul just in the past two days have both said this, and here they are. >> intellectually, though, and this is a
cliff, which would hurt the economy, and also come up with a long-term plan to reduce the deficit. so we also deal with that long-term issue. there are bipartisan models for how to do this that have been put forward by groups like the simpson-bowles group. i think that's a good framework. so the path toward getting there is clear. the political will, unfortunately, has not been there. >> and it has seemed to come down very explicitly to this issue in the near term, and obviously this is a...
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. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts for the wealthy in place, the biggest issue that divides them, instead he said this. >> there are a lot of things possible for the revenue, to put on the table. but none of it will be possible if the president insists on his position, insists on my way, or the highway. >> reporter: aides to john boehner and the president who are doing the negotiating are tight-lipped. but others suggest possible compromise on the thorny tax issue. one, instead of raising the current tax rate on the wealthy from the 37% from the bush tax era, to 36%, as the president wants, pick a middle ground. republicans are so concerned about small b
. >> when it comes to the fiscal cliff that is threatening our economy and threatening jobs, the white house has wasted another week. >> reporter: he and the president spoke by phone, only once all week, and it didn't produce much. >> just more of the same, it is time for the president to be serious, to come back to us with a counter offer. >> reporter: but what may have been most notable what was john boehner did not say. he did not repeat his demand to keep taxes cuts...
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cliff facing families, companies and our economy in january. >> here's my question. you said the president said the election will decide about the millionaires and billionaires but what about the 3.7 million americans who are not millionaires but earn more than $250,000 as a family? he's made that clear, he's raising their taxes. >> there are between $250,000 and $1 million, that's the position the president's taking. in my view, it helps set the table for the general public. most folks would agree that 98% of americans represents a oad range, more than the middle class, up into the upper middle class. the number that i think the president chose today was designed to strike a balance. in the end, our tax policy, as you mentioned, is going to be about figuring out which tax breaks, which tax expenditures we can afford to continue. and what we have to do to restore some tax fairness that allows the broad run, 98% of americans to accept the cuts in federal spending that will almost inevitably have to come next year. >> right. and i think most people know that and accept
cliff facing families, companies and our economy in january. >> here's my question. you said the president said the election will decide about the millionaires and billionaires but what about the 3.7 million americans who are not millionaires but earn more than $250,000 as a family? he's made that clear, he's raising their taxes. >> there are between $250,000 and $1 million, that's the position the president's taking. in my view, it helps set the table for the general public. most...
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Jun 3, 2012
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get this economy going. >> i want to ask you about the fiscal cliff after we come back. next up, it is about the crisis in syria. is the meter tipping away from military support? >> we consider all contingencies at all time. >> we have been focused on the need to bring about a political transition. >> there's still the potential for there to be a peaceful political resolution. there are a million reasons why. but your erectile dysfunction that could be a question of blood flow. cialis for daily use helps you be ready anytime the moment's right. you can be more confident in your ability to be ready. and the same cialis is the only daily ed tablet approved to treat ed and symptoms of bph, like needing to go frequently or urgently. tell your doctor about all your medical conditions and medications, and ask if your heart is healthy enough for sexual activity. do not take cialis if you take nitrates for chest pain, as this may cause an unsafe drop in blood pressure. do not drink alcohol in excess with cialis. side effects may include headache, upset stomach, delayed backache
get this economy going. >> i want to ask you about the fiscal cliff after we come back. next up, it is about the crisis in syria. is the meter tipping away from military support? >> we consider all contingencies at all time. >> we have been focused on the need to bring about a political transition. >> there's still the potential for there to be a peaceful political resolution. there are a million reasons why. but your erectile dysfunction that could be a question of...
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Oct 19, 2012
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the so-called fiscal cliff. and the president has threatened to give the republicans a shove. will that drag the economy down as well? details ahead. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. you see us, at the start of the day. on the company phone list at's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with
the so-called fiscal cliff. and the president has threatened to give the republicans a shove. will that drag the economy down as well? details ahead. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve...
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the cbo says if congress drives us off that fiscal cliff, gdp will shrink at 1.9%. the economy is growing now. they're talking about early next year, seeing the economy shrink again. this is important. it's very rare for the cbo -- uncharacteristic for them to come out and say something like this. fed chairman ben bernanke who tries hard to stay out of politics has been warning congress about trouble ahead in the economy if congress doesn't act as well. what makes it so scary is this is all happening in an election year. no one expects congress to deal with these big issues until after november 6th. we're also approaching the debt ceiling again. we could hit it as early as december. just another thing to add to congress's to-do list. all the while, ali, the bond market? interest rates are super low here, sort of giving cover to the urgency of all this as well. >> absolutely right. it is still cheap for the u.s. to continue borrowing money. christine, thank you. ken rogoff, even two years ago, people would have said, what are you panicking about? the election is in n
the cbo says if congress drives us off that fiscal cliff, gdp will shrink at 1.9%. the economy is growing now. they're talking about early next year, seeing the economy shrink again. this is important. it's very rare for the cbo -- uncharacteristic for them to come out and say something like this. fed chairman ben bernanke who tries hard to stay out of politics has been warning congress about trouble ahead in the economy if congress doesn't act as well. what makes it so scary is this is all...
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economy fell off that fiscal cliff, but it really is to do in the word of one source, make sure everybody is operating from the same set of facts. what the consequences would be, not so much negotiating possible scenarios on how to get out of it. the other kind of meeting that has been going on has been that kind of negotiating or at least gaming out possible scenarios, contingency plans is probably the best way to put it, on how to deal with the tax cuts that are going to expire. how to deal with the $100 billion or so in cuts that are going to come around the corner if in fact either party does well in the election because that is really the main reason they're leaving without dealing with this. everybody says they can't figure it out. >> what seems to be the crucial question. i want to ask what those exact scenarios are, but let me add john avalon into the conversation. congress doesn't have the great track record. 173 laws passed since january of 2011. what you're saying or turns out to be. so, are you skeptical there will be a deal? >> there are rational reasons to be skeptical. we h
economy fell off that fiscal cliff, but it really is to do in the word of one source, make sure everybody is operating from the same set of facts. what the consequences would be, not so much negotiating possible scenarios on how to get out of it. the other kind of meeting that has been going on has been that kind of negotiating or at least gaming out possible scenarios, contingency plans is probably the best way to put it, on how to deal with the tax cuts that are going to expire. how to deal...
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when tackling the fiscal cliff, we should ask ourselves, which are the most ineffective things. >> keep thinking, guys, that down the line here, the chorus over and over is going to be we all pay more and all get less. thanks for being here. we appreciate it. >>> thousands of people paid a lot to do cramming into stores everywhere. you might even be watching this on a new tv, but retailers needed more than hype. they needed red hot cash registers on this black friday. we'll tell you how sales added up today because a lot of jobs are counting on it. in just a few weeks after mitt romney's defeat, the gop is already looking forward to 2016. say it ain't so and there's another bush on the horizon. plus, we're following news of a massive gas explosion in massachusetts. take a look. we'll have details just ahead. >> hi. >> you know, i can save you 15% today if you open up a charge card account with us. >> announcer: we all love a good deal during the holidays, especially identity thieves. they can open an account in your name and go on a serious spending spree. >> do you have cufflinks? >> m
when tackling the fiscal cliff, we should ask ourselves, which are the most ineffective things. >> keep thinking, guys, that down the line here, the chorus over and over is going to be we all pay more and all get less. thanks for being here. we appreciate it. >>> thousands of people paid a lot to do cramming into stores everywhere. you might even be watching this on a new tv, but retailers needed more than hype. they needed red hot cash registers on this black friday. we'll tell...
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believe it or not, ukrainian law prevents police from intervening. >>> the fiscal cliff poses real dangers for of course the economy but just talking about it also proved dangerous for one economist on tv. the ridiculist is next. [ bells dinging ] ♪ hark how the bells, sweet silver bells ♪ ♪ all seem to say throw care away ♪ ♪ from everywhere, filling the air ♪ [ female announcer ] chex party mix. easy 15-minute homemade recipes you just pop in a microwave. like caramel chocolate drizzles. happier holidays. chex party mix. schwab bank was built with all the value and convenience tdd#: 1-800-345-2550 investors want. tdd#: 1-800-345-2550 like no atm fees, worldwide. tdd#: 1-800-345-2550 and no nuisance fees. tdd#: 1-800-345-2550 plus deposit checks with mobile deposit. tdd#: 1-800-345-2550 and manage your cash and investments tdd#: 1-800-345-2550 with schwab's mobile app. tdd#: 1-800-345-2550 no wonder schwab bank has grown to over 70 billion in assets. tdd#: 1-800-345-2550 so if you're looking for a bank that's in your corner, tdd#: 1-800-345-2550 not just on the corner... tdd#:
believe it or not, ukrainian law prevents police from intervening. >>> the fiscal cliff poses real dangers for of course the economy but just talking about it also proved dangerous for one economist on tv. the ridiculist is next. [ bells dinging ] ♪ hark how the bells, sweet silver bells ♪ ♪ all seem to say throw care away ♪ ♪ from everywhere, filling the air ♪ [ female announcer ] chex party mix. easy 15-minute homemade recipes you just pop in a microwave. like caramel...
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Dec 30, 2012
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cliff but other issues as well. he talked about his priorities for his second administration. he talked about writing the economy again -- righting the economy again. immigration reform. and energy. in his top four he did not mention gun control until prompted by david gregory. take a listen. >> you know, i've been very clear that, you know, assault rifle ban, banning these high-capacity clips, background checks, that there are a set of issues i have historically supported and will continue to support. >> back with "time" magazine's michael crowley, hill's a.b. stoddard, karen tumulty, and cnn's chief white house -- cnn's chief -- white house correspondent jessica yellen. so, it was not a yes, we're going to get this gun thing done, whatever the gun thing is, whether it is school safety, combination of that and mental health, some kind of gun control. it was not uppermost on the president's mind. what do you make of that? >> he's not running into the breach and as a president you have to prioritize. >> about anythin
cliff but other issues as well. he talked about his priorities for his second administration. he talked about writing the economy again -- righting the economy again. immigration reform. and energy. in his top four he did not mention gun control until prompted by david gregory. take a listen. >> you know, i've been very clear that, you know, assault rifle ban, banning these high-capacity clips, background checks, that there are a set of issues i have historically supported and will...
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the report mainly blaming the slow economy and concerns over the fiscal cliff. >>> you can call cobbler the luckiest turkey in america after receiving an official pardon from president obama. unlike millions of other turkeys heading for the oven, cobbler is retiring to george washington's former home at mt. vernon. anderson, back to you. >> susan, thanks very much. we'll be right back. [ male announcer ] itchy dry scalp? get selsun blue for itchy dry scalp. strong itch-fighters target scalp itch while 5 moisturizers leave hair healthy. selsun blue. got a clue? get the blue.
the report mainly blaming the slow economy and concerns over the fiscal cliff. >>> you can call cobbler the luckiest turkey in america after receiving an official pardon from president obama. unlike millions of other turkeys heading for the oven, cobbler is retiring to george washington's former home at mt. vernon. anderson, back to you. >> susan, thanks very much. we'll be right back. [ male announcer ] itchy dry scalp? get selsun blue for itchy dry scalp. strong itch-fighters...
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i mean, mean that, unfortunatel still a big issue. >> filly, fiscal cliff. i assume you think it would and bad thing, a drag on the gdp. do you think it is likely to happen? >> no, but i'm not sure, because it is so divisive and one side or the other may see a gain. i have no idea what's going to come out of it. i think the clear thing is we don't know which direction they're going to turn if they don't go off the cliff. are they going to higher taxes, lower government spending, some combination? i have no idea and that uncertainty weighs very levelhe on businesses right now. >> i mean, it is a game of chicken and i actually think if obama is re-elected, i think there is a quite good chance that for a month or two we actually will go off the cliff which doesn't do that much harm if it is brief. because i think if obama is re-elected he has to say government by blackmail is not an acceptable way to run this country so i'm going to call your guy's bluff and let the people who are paying for your campaigns come running and demanding that you make a compromise w
i mean, mean that, unfortunatel still a big issue. >> filly, fiscal cliff. i assume you think it would and bad thing, a drag on the gdp. do you think it is likely to happen? >> no, but i'm not sure, because it is so divisive and one side or the other may see a gain. i have no idea what's going to come out of it. i think the clear thing is we don't know which direction they're going to turn if they don't go off the cliff. are they going to higher taxes, lower government spending,...
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Nov 26, 2012
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, the fiscal cliff. but today we have some very specific answers to very interesting questions. cnn's political editor paul steinhauser joins me live. first of all, paul, are people paying attention to the fiscal cliff? >> it seems they are. look at this, a cnn national poll out this morning. and we asked, what will the effect be on the country if it goes over the fiscal cliff? nearly 7 in 10 say major problems for the country, maybe even a crisis, with only about 3 in 10 saying minor and no problems. and john, personally, three quarters tell us they think their pocket books will be affected if the country falls off the fiscal cliff. >> we've heard both sides fighting. what do americans say they want to see in the deal? >> they want compromise, and what do they specifically want? look at these numbers. two-thirds say they want spending cuts, and some tax increases combined. only about 3 in 10 say just spending cuts. and john, it's interesting. when we asked just republicans that same question, slight maj
, the fiscal cliff. but today we have some very specific answers to very interesting questions. cnn's political editor paul steinhauser joins me live. first of all, paul, are people paying attention to the fiscal cliff? >> it seems they are. look at this, a cnn national poll out this morning. and we asked, what will the effect be on the country if it goes over the fiscal cliff? nearly 7 in 10 say major problems for the country, maybe even a crisis, with only about 3 in 10 saying minor and...
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Nov 18, 2012
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economy falls off the fiscal cliff. >>> they are far from a deal, but if you listen carefully, you can hear the faint sounds of compromise. >> we're both going to have to give up some of the things that we know are a problem. >> most of my members, i think, without exception, believe we're in the dilemma we're in not because we tax too little, but because we spend too much. >> okay, maybe it doesn't sound like much, okay, but when congressional leaders left the white house, they were talking about getting a deal, if believe on the nick of time. >> we can do this and avert the fiscal cliff that is right in front of us today. >> we should have a deadline before christmas. >> high stakes deal making in the season of goodwill. the possibilities are endless. not all of them are good. senate majority whip dick durbin, and the house chairman tom price are next. [ male announcer ] alka-seltzer plus presents the cold truth. i have a cold, and i took nyquil, but i'm still "stubbed" up. [ male announcer ] truth is, nyquil doesn't unstuff your nose. what? [ male announcer ] it doesn't have a decon
economy falls off the fiscal cliff. >>> they are far from a deal, but if you listen carefully, you can hear the faint sounds of compromise. >> we're both going to have to give up some of the things that we know are a problem. >> most of my members, i think, without exception, believe we're in the dilemma we're in not because we tax too little, but because we spend too much. >> okay, maybe it doesn't sound like much, okay, but when congressional leaders left the white...
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Jul 18, 2012
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and that congress needs to reach an agreement to avoid the fiscal cliff. well, of course, we've joined that chorus until we've been blue in the face over the past year. but the problem, of course, is that congress does not seem to have any intention of dealing with the tax cuts, debt ceiling, sequestration cuts, the things that comprise the fiscal cliff. congress seems to be incapable of doing its job, something that chuck schumer admitted at the hearing today. >> so given that the political realities, mr. chairman, particularly in this election year, i'm afraid the fed is the only game in town. and i would urge you to take whatever actions you think would be most helpful in supporting a stronger economic recovery. >> i like watching ben bernanke's face. he looks down as if his heart has been broken. he could cave. he could give us more easy money, drugs, he could do it in august, he could do it in september. but you know what, it isn't something to just root for, plain and simple. because you know what, the fed's cheap money drugs are not cheap. congress
and that congress needs to reach an agreement to avoid the fiscal cliff. well, of course, we've joined that chorus until we've been blue in the face over the past year. but the problem, of course, is that congress does not seem to have any intention of dealing with the tax cuts, debt ceiling, sequestration cuts, the things that comprise the fiscal cliff. congress seems to be incapable of doing its job, something that chuck schumer admitted at the hearing today. >> so given that the...
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Dec 2, 2012
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are sflirnks today republicans say the plan to avoid the fiscal cliff is a thelma and louise theory. >> we're trying to get these guys to come together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. former hewlett-packard ceo carly fiorina. i'm candy crowley. and this is "state of the union." >>> republicans call -- sufficed to say, it is unacceptable to them. the president's opening round offer includes $1.6 trillion in new taxes, $400 billion in savings from medicare and other entitlement programs, $50 billion in new stimulus spending, and an additional $285 billion to fund depreciation and mortgage programs, unemployment insurance benefits, and payroll tax cuts. >> this extra spending, heats actually greater than the amount they're willing to cut. i mean, it's -- it was not a serious proposal. >> wile his aides were on capitol hill offering up the opening bid, the president was making his case in pennsylvania campaign style. >> at the end of
are sflirnks today republicans say the plan to avoid the fiscal cliff is a thelma and louise theory. >> we're trying to get these guys to come together and reach an agreement that's going to be good for the country and for the economy. >> then what now? with democratic senator mark warner and kelli ayote. benghazi and obama's second term. former hewlett-packard ceo carly fiorina. i'm candy crowley. and this is "state of the union." >>> republicans call -- sufficed...
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john boehner is back at it, meeting tonight, trying it once again to reach a deal on the fiscal cliff. the question is, will it be any different this time. >> hey anderson, tonight the two men met for 50 minutes the oval office as they struggled it find way out of stalemate. so far, no word of the break through. both aides describe the conversation as frank and we're told that lines of communication remain open. now, that is political speak and i will translate it for you. frank, that generally means that conversation was somewhat tense of lines of communication remains open. that means that the two mens' staff will continue talking and there is no current plan for the two plen, the president and spe speaker boehner, to have a follow-up pleeting. >> after yet and speaker boehner does plan it return home to ohio tomorrow. now that's a challenge because for a deal to come together, because they are running out of time. they are all about out of time to get a deal done before the christmas deadline and next to out of time to get one done before the new year. anderson? >> jessica, thanks
john boehner is back at it, meeting tonight, trying it once again to reach a deal on the fiscal cliff. the question is, will it be any different this time. >> hey anderson, tonight the two men met for 50 minutes the oval office as they struggled it find way out of stalemate. so far, no word of the break through. both aides describe the conversation as frank and we're told that lines of communication remain open. now, that is political speak and i will translate it for you. frank, that...
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Nov 29, 2012
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they say the economy's actually expanding, but they're still really worried about, you know, the fiscal cliff. >>> and now our fourth story "outfront" for the second day in a row, susan rice met with republican senators, some of whom obviously have harshly criticized her for ther handlin of the attack in benghazi. the moderate susan collins spoke to us. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political role at the height of a contentious presidential election campaign. >> yet the president continues to stand by susan rice. >> susan rice is extraordinary. couldn't be prouder of the job that she's done at the u.n. >> all right, tim, when you hear senator collins, you know, she is influential, she is moderate, come out and say look, i'm not satisfied, sort of turning her back on susan rice, she had the moment in front of the microphone to endorse, she did not. should the administration cut its losses and say this might not be the right nominee. >> not at all. i think the president won the ele electi election. respect to suzan
they say the economy's actually expanding, but they're still really worried about, you know, the fiscal cliff. >>> and now our fourth story "outfront" for the second day in a row, susan rice met with republican senators, some of whom obviously have harshly criticized her for ther handlin of the attack in benghazi. the moderate susan collins spoke to us. >> i continue to be troubled by the fact that the u.n. ambassador decided to play what was essentially a political...
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Aug 1, 2012
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to do something about the fiscal cliff and the debt crisis in this country. and yet just two days before lawmakers take a month-long vacation, our elected officials spent the day holding dueling and symbolic votes on the bush era tax cuts, knowing full well that if you want to extend them in full, that won't pass with democrats and if you want to just extend them for people who make less than $250,000, that won't pass with republicans. so they spent a lot of time voting on nothing. fed chairman ben bernanke has made a point of saying he can do only so much and congress needs to act. >> the most effective way that the congress could help to support the economy right now would be to work to address the nation's fiscal challenges. i think it's important that in the short term that congress work effectively to address the debt limit and the fiscal cliff. just delaying everything, just saying we're not going to do it, put it off a year, i think that would be a very bad outcome. >> "outfront" tonight, republican senator pat toomey of pennsylvania, a member of the s
to do something about the fiscal cliff and the debt crisis in this country. and yet just two days before lawmakers take a month-long vacation, our elected officials spent the day holding dueling and symbolic votes on the bush era tax cuts, knowing full well that if you want to extend them in full, that won't pass with democrats and if you want to just extend them for people who make less than $250,000, that won't pass with republicans. so they spent a lot of time voting on nothing. fed chairman...
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Nov 9, 2012
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it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not harming out a deal in time. politicians have been sending out mixed signals since the election. on the one hand, they are talking about common ground. take a look. >> we want our children to live in an america that isn't burdened by debt, isn't weakened by inequality. that isn't threatened by the disruptive power of a warming planet. >> the nation as you know is at a critical point. at a time like this, we can't risk partisan bickering and political posturing. >> if there is a mandate in yesterday's results, it's a mandate for to us find a way to work together on the solutions to the challenges we all face. >> it's better to work than to fight. everything doesn't have to be a fight. >> sounds promising. tonight house speaker boehner ruled out any deal that lets any tax rates go up. >> rai
it's being called a fiscal cliff and even though it's more like the fiscal steep slope, heading down it it could do bad things to the economy. rolling down it, falling off it, have made markets nervous and credit rating agencies and economists of all stripes are warning about the consequences of not harming out a deal in time. politicians have been sending out mixed signals since the election. on the one hand, they are talking about common ground. take a look. >> we want our children to...
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not only are we speeding towards that fiscal cliff, we're wasting money with all this mindless bickering. this week, we actually learned the cost of all this sandbox politics. $1.3 billion. the government accountability office calculated the cost of last summer's debt ceiling debate. a fight in the name of fiscal responsibility that essentially held the full faith and credit of the united states hostage actually ended up costing taxpayers an additional $1.3 billion. as you hear it on this show every day, it's been almost a year since we lost our aaa credit rating. and it's all because of washington's inability to work together. "outfront" tonight, one man who's a leader in the house and a member of the super committee which couldn't ultimately make a deal. democratic congressman james clyburn. good to see you. >> thanks for having me. >> you've been in congress for over three decades. my first question, has it ever been this bad and who could you make a deal with on the other side of the aisle? >> i've been here a little short of two decades. i came here in 1993. but from afar, i have se
not only are we speeding towards that fiscal cliff, we're wasting money with all this mindless bickering. this week, we actually learned the cost of all this sandbox politics. $1.3 billion. the government accountability office calculated the cost of last summer's debt ceiling debate. a fight in the name of fiscal responsibility that essentially held the full faith and credit of the united states hostage actually ended up costing taxpayers an additional $1.3 billion. as you hear it on this show...
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Jul 27, 2012
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they also pointed to uncertainty about the so-called fiscal cliff. dan greenhouse of btig said it pretty well. quote, the u.s. economy which is already being depressed by the lingering effects of the recession is being held hostage by politics. >>> it's been 358 days since this country lost its top credit rating. what are we doing to get it back? standard & poor's got in the olympic spirit today. reaffirming britain's aaa credit rating. >>> now, our fourth story "outfront." the bunker buster is ready. we're going to show it to you right now. this is what it can do. this is the biggest weapon in the american military's arsenal. it's known as a massive ordnance penetrator or a m.o.p. for short. when the air force secretary was asked if the bomb was ready he said, quote, if it needed to go today, we'd be ready to do than that. there are 20 of these bombs that have been made. each of the bombs is more than 20 feet long. each of the bombs weighs about 30,000 pounds. and one of the weapon's primary missions is to pulver size bunkers that could be up to 200
they also pointed to uncertainty about the so-called fiscal cliff. dan greenhouse of btig said it pretty well. quote, the u.s. economy which is already being depressed by the lingering effects of the recession is being held hostage by politics. >>> it's been 358 days since this country lost its top credit rating. what are we doing to get it back? standard & poor's got in the olympic spirit today. reaffirming britain's aaa credit rating. >>> now, our fourth story...
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it has everything to do about the fiscal cliff. and it's happening behind closed doors. and what is said in public does not seem to clear anything up. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> so what's really going on behind the scenes? earlier i spoke with republican senator jeff sessions, who's been asking the same question, and i asked him how much he, as the ranking member of the senate budget committee, actually knows about what's going on. >> very little. almost nothing, frankly. i mean, i learned from sources that the speaker was disappointed and things were not moving forward as well as he seemed to have indicated right there in those public remarks. but otherwise, really, we don't know. and the people that are losing in this process, this secret process, are the american people. they'll be the ones asked to pay more taxes. they may be the ones that are asked to tighten their belts. and they need to know what the choices are and what we're wrest
it has everything to do about the fiscal cliff. and it's happening behind closed doors. and what is said in public does not seem to clear anything up. >> the longer the white house slow walks this discussion, the closer our economy gets to the fiscal cliff, and the more american jobs are placed in jeopardy. >> so what's really going on behind the scenes? earlier i spoke with republican senator jeff sessions, who's been asking the same question, and i asked him how much he, as the...
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Dec 8, 2012
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how does this play into the fiscal cliff negotiations? >> well, i think the president can and will, i'm sure, make the case that the economy is now clearly headed in the right direction. that the lowering of the unemployment number is not an aberration nor was it a political trick that occurred during the campaign that some had charged. so the president can say, okay, we need to resolve this fiscal cliff issue. or else we're going to start heading in the wrong direction. don't interrupt the recovery that we're having. and if you do, congress, it will be your fault. >> and then as far as the job approval numbers for the president, and this is going to play into this leverage negotiation, as well. how is the president handling his job as president. this is an average of the major polls. 53% approve of the job he's doing. 43% disapproved. that's a three-year high. >> and our monitor poll out this week. 53% approval. and the widest gap we've had on whether people prefer him or republicans. he has a stronger hand in this debate, partially beca
how does this play into the fiscal cliff negotiations? >> well, i think the president can and will, i'm sure, make the case that the economy is now clearly headed in the right direction. that the lowering of the unemployment number is not an aberration nor was it a political trick that occurred during the campaign that some had charged. so the president can say, okay, we need to resolve this fiscal cliff issue. or else we're going to start heading in the wrong direction. don't interrupt...
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Nov 22, 2012
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the report blames the economy concerns and the reports on the fiscal cliff. >>> and you can call cobbler the most lucky turkey in america, after receiving an official pardon by president obama. like many other turkeys heading for the oven, he is retiring to the mt. vernon home. >> thank you very much, suzanne, we'll be right back. with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just $99.99. this friday, get the best deals on the best devices on the best network. exclusively at verizon. but don't just listen to me. listen to these happy progressive customers. i plugged in snapshot, and 30 days later, i was saving big on car insurance. with snapshot, i knew what i could save before i switched to progressive. the better i drive, the more i save. i wish our company had something this cool. you're not filming this, are you? aw! camera shy. snapshot from progressive. test-drive snapshot before you switch. visit progressive.com today.
the report blames the economy concerns and the reports on the fiscal cliff. >>> and you can call cobbler the most lucky turkey in america, after receiving an official pardon by president obama. like many other turkeys heading for the oven, he is retiring to the mt. vernon home. >> thank you very much, suzanne, we'll be right back. with verizon. hurry in this friday for great deals. like the droid razr by motorola in cranberry, free. or a white 7-inch samsung galaxy tab 2, just...